TY  - JOUR
AU  - Greenwood,Jeremy
AU  - Seshadri,Ananth
TI  - Technological Progress and Economic Transformation
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10765
PY  - 2004
Y2  - September 2004
UR  - http://www.nber.org/papers/w10765
L1  - http://www.nber.org/papers/w10765.pdf
N1  - Author contact info:
Jeremy Greenwood
Department of Economics
University of Pennsylvania
3718 Locust Walk
McNeil Building, Rm 160
Philadelphia, PA 19104-6297
Tel: 215/898-1505
Fax: 215/746-2947
E-Mail: do-not-use@jeremygreenwood.net

Ananth Seshadri
Department of Economics
University of Wisconsin
1180 Observatory Drive
Madison, WI  53705
E-Mail: aseshadr@ssc.wisc.edu
AB  - Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples are: 
(i) the secular decline in fertility between 1800 and 1980, 
(ii) the decline in agricultural employment and the rise in skill since 1800, 
(iii) the demise of child labor starting around 1900, 
(iv) the increase in female labor-force participation from 1900 to 1980, 
(v) the baby boom from 1936 to 1972. 
Growth theory models are presented to address all of these facts. The analysis emphasizes the role of technological progress as a catalyst for economic transformation.
ER  -